Viji Finance gets trading approval for 4.9 crore warrant-converted shares
Viji Finance Limited secured trading approvals from BSE and NSE for 4.9 crore equity shares issued via warrant conversion to non-promoters. The shares, carrying a ₹1.80 premium, began trading on August 20, 2026, with most holdings locked in until February 2027.

*this image is generated using AI for illustrative purposes only.
Viji Finance Limited has received trading approvals from the Bombay Stock Exchange (BSE) and National Stock Exchange of India Limited (NSE) for 4.9 crore equity shares issued on a preferential basis. The shares were allotted pursuant to the conversion of warrants held by non-promoters. Trading in these securities commenced on August 20, 2026.
The issuance involves 4,90,00,000 equity shares of Re. 1 each, issued at a premium of ₹1.80 per share. The distinctive numbers for these shares range from 142500001 to 191500000. This development follows an earlier disclosure by the company on August 5, 2026, regarding the receipt of listing approval for these shares.
Regulatory Approvals
The company cited Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with Schedule III, for this disclosure. The specific approval letters received are:
- BSE Limited: Letter No. LOD/PREF/VJ/285/2026-27 dated August 19, 2026
- National Stock Exchange of India Limited: Letter No. NSE/LIST/56857 dated August 19, 2026
Vijay Kothari, Chairman & Managing Director of Viji Finance, filed the intimation with the exchanges on August 20, 2026.
Lock-in Details
A portion of the issued shares is subject to lock-in restrictions until February 2027. The lock-in structure is detailed below:
| Number of Shares | Distinctive Numbers Range | Lock-in Until |
|---|---|---|
| 36,00,000 | 142500001 to 146100000 | February 27, 2027 |
| 36,00,000 | 146100001 to 149700000 | February 27, 2027 |
| 36,00,000 | 149700001 to 153300000 | February 27, 2027 |
| 36,00,000 | 153300001 to 156900000 | February 27, 2027 |
| 36,00,000 | 156900001 to 160500000 | February 27, 2027 |
| 36,00,000 | 160500001 to 164100000 | February 27, 2027 |
| 36,00,000 | 164100001 to 167700000 | February 27, 2027 |
| 36,00,000 | 167700001 to 171300000 | February 27, 2027 |
| 16,00,000 | 171300001 to 172900000 | February 27, 2027 |
| 36,00,000 | 172900001 to 176500000 | February 27, 2027 |
| 75,00,000 | 176500001 to 184000000 | February 28, 2027 |
| 75,00,000 | 184000001 to 191500000 | February 28, 2027 |
| Total | 4,90,00,000 |
What the Numbers Show
The admission of 4.9 crore shares for trading represents the final step in capitalizing warrants previously allotted on a preferential basis. While Ashik D Sanghvi HUF and its PACs recently converted 1.5 crore warrants (as disclosed in August 2026), this broader issuance indicates that other non-promoter investors also exercised their warrant conversion rights. The uniform lock-in period of approximately six months (until late February 2027) suggests these were likely part of a single preferential allotment tranche, restricting immediate liquidity for these new shares despite their listing.
Historical Stock Returns for Viji Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.99% | +3.90% | +44.44% | +642.01% | +383.63% | +1,221.14% |
How might the lifting of the lock-in period for 4.9 crore shares in February 2027 impact Viji Finance's stock price volatility and trading volume?
What strategic rationale drove non-promoter investors to convert their warrants into equity at this specific juncture rather than earlier?
Will the increased share capital from this preferential allotment significantly dilute existing promoter holdings or alter the company's voting power dynamics?


































